Our aim in this policy brief is to examine what went wrong, what was swept under the rug, and where governments have failed in dealing with globalization. We believe that inclusive economic growth is currently at risk in many countries. Why is this a problem?
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By 2015, the “new-normal” state of the world economy, including slow growth and higher indebtedness, had given way to a global malaise or low-growth equilibrium that had both demand and supply factors at its core.
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In this policy brief, Mila Freire, the Growth Dialogue's Senior Advisor, reviews the challenges of African urbanization as well as opportunities for sustainable development in the region.
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This policy note comments on the resurgence of capital inflow controls and suggests that in many cases, greater reliance on the foreign exchange market may be more effective in limiting volatile hot-money inflows and disruptions.
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China—and to some extent Brazil and India (which we may christen the BICs)—are staging a ”Great Convergence” in terms of industrial strength and incomes. This reverses the past two centuries of the Great Divergence, which has separated them from the West. In the process, the BICs are lifting millions of people out of poverty.
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